This blog looks at promoting investment and business in Fiji and is targeted at foreign investors as well as Fiji residents and former residents working abroad. We also post information and critique developments relating to the financial sector in Fiji.

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Saturday, September 01, 2007

FNPF Board comments on Audit Report

The Fiji National Provident Fund Board is currently evaluating the Ernst & Young Audit Report on the Fund's operations and investments which was commissioned by the Interim Government early 2007.

The following is an excerpt taken from a notice put out by the Fund in the Fiji Times of Thursday, 30 August 2007.

"The major objectives of the audit were to :

investigate major investment projects undertaken by the Fund, ascertaining any shortcomings, deficiencies or excessive risks arising from these investments;

review the purchasing and procurement processes to ensure that they are in accordance with established policies & procedures and benchmarking to best practices; and